Business, 25.02.2020 21:06 Jasten

When a university bookstore prices chemistry textbooks at $200 each, it generally sells 120 books per month. If it lowers the price to $160, sales increase to 160 books per month. Given this information, we know that the price elasticity of demand for chemistry books is about.

a. 1.29, and a decrease in price from $200 to $160 results in an increase in total revenue.
b. 1.29, and a decrease in price from $200 to $160 results in a decrease in total revenue
c. 0.78, and a decrease in price from $200 to $160 results in an increase in total revenue.
d. 0.78, and a decrease in price from $200 to $160 results in a decrease in total revenue.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 16:50, cutebab4786

Slow ride corp. is evaluating a project with the following cash flows: year cash flow 0 –$12,000 1 5,800 2 6,500 3 6,200 4 5,100 5 –4,300 the company uses a 11 percent discount rate and an 8 percent reinvestment rate on all of its projects. calculate the mirr of the project using all three methods using these interest rates.

Answers: 2

continue

Business, 22.06.2019 20:00, adriannacomrosenbark

Modern firms increasingly rely on other firms to supply goods and services instead of doing these tasks themselves. this increased level of is leading to increased emphasis on management.

Answers: 2

continue

Business, 22.06.2019 21:30, kaitlngley2367

Which is the most compelling reason why mobile advertising is related to big data?

Answers: 1

continue

Business, 23.06.2019 02:30, mdoswalt

Do you think it ethical and appropriate for marshall to have used himself as a test subject and swallowed a sample of helicobacter pylori? what precautions did he take? would you do it? why or why not?

Answers: 1

continue

You know the right answer?

When a university bookstore prices chemistry textbooks at $200 each, it generally sells 120 books pe...